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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
REVENUES:      
Advertising (including revenue from related parties of $4,033, $2,219 and $1,393 in 2009, 2010 and 2011, respectively) (Note 14) $ 747,451 $ 562,102 $ 483,945
Sublicensing and own production revenue (including revenue from related parties of $3,403, $109 and $265 in 2009, 2010 and 2011, respectively) 15,836 37,931 20,999
Other revenue 3,073 1,252 1,169
Total operating revenues 766,360 601,285 506,113
EXPENSES:      
Direct operating expenses (exclusive of amortization of programming rights, sublicensing rights and own production cost, shown below; exclusive of depreciation and amortization of $9,190, $11,502 and $13,201 in 2009, 2010 and 2011, respectively; and exclusive of stock-based compensation expense of $5,334, $10,586 and $6,242 in 2009, 2010 and 2011, respectively) (43,684) (37,547) (32,088)
Selling, general and administrative (exclusive of depreciation and amortization $2,264, $2,234 and $4,448 in 2009, 2010 and 2011, respectively; exclusive of stock-based compensation expense of $42,273, $23,419 and $12,076 in 2009, 2010 and 2011, respectively) (Note 14) (165,176) (69,849) (58,526)
Stock-based compensation expense (18,318) (34,005) (47,607)
Amortization of programming rights (289,095) (231,917) (178,392)
Amortization of sublicensing rights and own production cost (3,371) (7,113) (6,832)
Depreciation and amortization (exclusive of amortization of programming rights and sublicensing rights) (17,649) (13,736) (11,454)
Impairment loss (Notes 2 and 10) (106,382)   (18,739)
Total operating expenses (643,675) (394,167) (353,638)
OPERATING INCOME 122,685 207,118 152,475
FOREIGN CURRENCY GAINS (LOSSES) 2,034 1,820 (4,555)
INTEREST INCOME (including interest income from related parties of $1,434, $1,497 and $1,629 in 2009, 2010 and 2011, respectively) 7,222 6,018 6,087
INTEREST EXPENSE (including interest expense from related parties of nil, nil and $109 in 2009, 2010 and 2011, respectively) (542) (1,169) (6,959)
OTHER NON-OPERATING INCOME, net 4,667 2,789 1,060
EQUITY IN INCOME OF INVESTEE COMPANIES 853 490 537
Income before income tax 136,919 217,066 148,645
INCOME TAX EXPENSE (76,403) (66,034) (45,626)
CONSOLIDATED NET INCOME 60,516 151,032 103,019
LESS: INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST (7,398) (5,301) (2,630)
NET INCOME ATTRIBUTABLE TO CTC MEDIA, INC. STOCKHOLDERS $ 53,118 $ 145,731 $ 100,389
Net income per share attributable to CTC Media, Inc. stockholders-basic (in dollars per share) $ 0.34 $ 0.94 $ 0.66
Net income per share attributable to CTC Media, Inc. stockholders-diluted (in dollars per share) $ 0.34 $ 0.93 $ 0.64
Weighted average common shares outstanding-basic (in shares) 157,224,782 155,576,658 152,223,165
Weighted average common shares outstanding-diluted (in shares) 158,011,659 156,092,038 157,452,763
Dividends declared per share (in dollars per share) $ 0.82 $ 0.51